Established in 1974
185,800 clients worldwide
Over 15,000 markets

Charting FX: possible short-term bottom in AUD/USD

GBP/USD has come back to its September 7 level. The important resistance level to watch is now $1.527. If the pound breaks it, investors could regain confidence in the pair, but if that level holds, we could be in for a significant period of downside

EUR/GBP has been trading sideways for the last month. It is now close to a major resistance level at £0.738. This could turn out into a double-top formation. We saw recently some sort of resurgence in the AUD/USD. On short-term charts we can see an ascending triangle and we could see a breakout towards the upside. But on the long-term, the pair could go lower. 

Trade now

Live GBP/USD | EUR/GBP | AUD/USD prices

The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.

Find articles by analysts